Vodafone Idea Reports Strong Revenue Growth and EBITDA Improvement in Q1 FY27

Vodafone Idea Reports Strong Revenue Growth and EBITDA Improvement in Q1 FY27​

Vodafone Idea Limited announced its unaudited consolidated and standalone financial results for the first quarter of fiscal year 2027, which ended on June 30, 2026. The company reported a significant increase in revenue and improved EBITDA margins, amidst operational advancements including expanded 5G coverage and increased subscriber base metrics.

The quarterly report highlighted that service revenue stood at Rs 11,689 crore for the consolidated entity, marking a year-on-year (YoY) growth of 6.0%. EBITDA reached Rs 5,034 crore for the quarter, showing a corresponding YoY growth of 9.1%.

Financial Performance Summary (Consolidated)

The company's performance was reviewed against previous periods in its consolidated unaudited results. Key financial figures from the Q1FY27 period are as follows:


Operational Highlights and Subscriber Metrics

Operationally, the company reported positive progress in key market parameters. The customer base stood at 193.1 million at the end of the quarter, up from 192.8 million in Q4FY26, signaling the first quarter of net subscriber addition since the merger.

The Customer ARPU increased to Rs 195, compared to Rs 177 in Q1FY26, representing a 10.2% YoY increase, which management stated was the highest in the industry and supported by customer upgrades. The combined 4G/5G subscriber base stood at 130.1 million, up from 127.4 million in the corresponding period last year. Data usage improved significantly, rising to 88.4 Pb/day, a YoY increase of 27.9%.

Management highlighted accelerated network expansion and technology advancement, noting that Vi 5G is now operational in over 200 Indian cities and towns, with the company holding 5G spectrum in 17 key circles. The company also invested heavily in broadband infrastructure, adding over 15,600 new unique broadband towers, bringing the total count to nearly 205,000.

Financial Strength and Debt Position

The company secured funding totaling Rs 6,400 crore through various non-fund and fund-based facilities, including warrants. As of June 30, 2026, the debt from banks and others stood at Rs 211 crore. The cash and bank balance was reported at Rs 6,558 crore.

Credit rating assessments also reflected positive developments, with Crisil assigning a credit rating of A-/(Stable) in May 2026, followed by ICRA upgrading its rating to A/(Stable) in June 2026 for certain long-term bank facilities.

Consolidated Financial Results Table (All figures in Rs Cr)

Standalone Financial Results Summary

The standalone results also showed a loss for the quarter, with revenue from operations recorded at Rs 11,539 crore. The standalone P/E ratio before tax was reported at (3,712). Operational parameters included Service Revenue of 11,535 Cr and total revenue from operations of 11,539 Cr for the quarter.

Note on Financial Condition

The unaudited results indicated that the Group's net worth stood at negative Rs 38,327 crore as of June 30, 2026, with outstanding debt from banks and others (including accrued interest) totaling Rs 3,708 crore. The company stated it has met all its current debt obligations to lenders/banks.

IDEA Stock Price Movement​

Vodafone Idea Limited shares gained 1.49% today, settling at ₹12.92 in post-market trading. The stock experienced significant activity as over 413 million shares changed hands during the session.